Optimist Retirement Group LLC Trims Stock Position in Dell Technologies Inc. (NYSE:DELL)

Optimist Retirement Group LLC trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 14.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,694 shares of the technology company’s stock after selling 282 shares during the period. Optimist Retirement Group LLC’s holdings in Dell Technologies were worth $234,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accordant Advisory Group Inc acquired a new position in shares of Dell Technologies in the 2nd quarter valued at $28,000. Massmutual Trust Co. FSB ADV boosted its stake in Dell Technologies by 58.2% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares during the period. Crewe Advisors LLC purchased a new position in Dell Technologies during the 2nd quarter worth $34,000. New Covenant Trust Company N.A. purchased a new position in Dell Technologies during the 1st quarter worth $30,000. Finally, Carolinas Wealth Consulting LLC raised its position in Dell Technologies by 1,130.4% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 283 shares of the technology company’s stock worth $39,000 after buying an additional 260 shares during the last quarter. 38.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. Citigroup increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 30th. Wells Fargo & Company decreased their price target on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. TD Cowen decreased their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and issued a $140.00 price target on shares of Dell Technologies in a report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $139.19.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $144.68, for a total value of $144,680,000.00. Following the sale, the director now owns 770,369 shares in the company, valued at approximately $111,456,986.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total value of $529,031.52. Following the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $144.68, for a total transaction of $144,680,000.00. Following the completion of the transaction, the director now owns 770,369 shares of the company’s stock, valued at $111,456,986.92. The disclosure for this sale can be found here. Insiders have sold 7,297,857 shares of company stock worth $840,653,193 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $116.05 on Thursday. The business’s fifty day moving average price is $112.20 and its two-hundred day moving average price is $124.34. The stock has a market capitalization of $82.31 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $63.90 and a fifty-two week high of $179.70.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $1.44 earnings per share. Research analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).